City of Surrey's 2024-2028 Financial Plan

RANKED CAPITAL PROJECTS

Ranked Capital Projects include large-scale capital projects such as recreation facilities, arenas, sports fields, parks construction and upgrades, and arts & culture amenities. These projects are funded by various sources including External Borrowing, contributions from General Operating, Community Amenity Contributions, External Contributions (Grants), City Reserves, and BC Gaming Revenue. No further debt funding is proposed thereafter for any capital projects. The table below documents the Ranked Capital Projects funding requirements for 2024.

PROPOSED RANKED CAPITAL PROJECTS (in thousands) Cloverdale Sport & Ice Complex (Total $131.6M)

2024

$37,000

$5,647

City Centre Sports Complex—Phase 1 (Total $65M) & Phase 2 Design 2026 Tamanawis Park -Third Field Hockey Turf Field and Changerooms (Total $5.7M)

$4,700 $4,000

Cloverdale Athletic Park—New Artificial Turf Field and Parking Lot

Covered Multi-Sport (Lacrosse Box) at South Surrey Athletic Park

$3,500

North Surrey Recreation Centre Demolition

$3,500

Softball City Parking Lot and Sportfield Light Improvements

$3,100

Truck Parking Improvements

$2,000

Archives/1912 Hall Renovation

$2,000

Nicomekl Riverfront Park (Total $25.5M)

$1,600

Focus Newton

$1,400

Sunnyside Cemetery Development - Phase 1

$1,000

Surrey Sport and Leisure Complex - Chiller Replacement

$1,000

Truck Bay Expansions Fire Hall # 11 & # 15

$1,000

Artificial Turf Replacement Hjorth Road Park West Field

$900 $807

1001 Steps Renovation

New Park Washrooms

$750

Surrey Sports Hall of Fame

$700

Unwin Community Park - Master Plan and Phase 1

$600

Sullivan Heights Park Conversion of Cricket Pitch to Natural Grass

$550 $500 $400

Park Improvements

Indoor Video Display at South Surrey Arena

Sunnyside Park Ball Diamond Improvements

$100

The pages that follow provide a detailed description for each of the above ranked Capital Projects.

City of Surrey | 2024—2028 Financial Plan | Capital Program

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